In the price decline occurring when it entered the Binance platform.
When Tree entered the Binance platform and some received an airdrop, those who got the drop tended to sell it, leading to orders that decreased the price.
Tree was strong before entering the platform and had a relative rise it gained before entering exchange platforms like Binance.
As the price of TREE rose by +30% to $0.6068, it then fell to $0.5317.
It recorded a strong increase and then fell after reaching a total value locked (TVL) in the system of $500 million for the first time!
Trading volume jumped 53% to reach $185 million in 24 hours.
The Treehouse protocol is working to provide a stable income using the DOR system, currently offering an annual yield of 3.25%. Hour — more than double the market cap of the currency ($85 million).
Despite the momentary decline, the Treehouse protocol shows strong fundamentals and actual growth in TVL. If buying momentum returns, the cup and handle pattern may push the price towards new highs.
The pattern may complete and the target becomes $0.75.
The nearest support currently is at $0.47, and the resistance is at $0.60 – $0.62.